Allende & Brea, Posse Herrera Ruiz, Carey, Posadas, Posadas & Vecino and D'Empaire Reyna Abogados are helping Canada's Fairfax Financial buy the commercial and consumer insurance operations of American International Group (AIG) in Argentina, Colombia, Chile, Uruguay and Venezuela. Debevoise & Plimpton LLP in London and New York, Brigard & Urrutia Abogados in Bogotá, Marval, O'Farrell & Mairal in Buenos Aires, Claro & Cía in Santiago, Pérez Bustamante & Ponce Abogados in Quito, Ferrere (Uruguay) in Montevideo and Raffalli de Lemon Halvorssen Ortega y Ortiz in Caracas advised AIG.
Allende & Brea is coordinating the US$240 million deal for Fairfax from Buenos Aires. Dentons is representing the Canadian company on the European portion of the transaction.
The deal was signed on 18 October and remains subject to regulatory approval.
Counsel to AIG
Debevoise & Plimpton LLP
Partners Andrew Bab and John Vasily, and associates Angela Lee and Kristen Matthews in New York, and partners David Innes, James Scoville and Richard Ward, international counsel Timothy McIver, and associates Timothy Merchant, Paul Eastham, Megan Atkinson, Christopher Garrett, Laurence Hanesworth, Benjamin Lyon and Anne-Mette Heemsoth in London
Brigard & Urrutia Abogados
Partners Dario Laguado and Lucas Moreno, and associates Lucas Fajardo, Christian Díaz and Juan Sebastian Pardo in Bogotá
Marval, O'Farrell & Mairal
Partners Patricia Lopez Aufranc and Fernando Hernández, and associate Claudia Paluszkiewicz in Buenos Aires
Claro & Cía
Partner Rodrigo Ochagavía and associates Juan León and Jaime Salas in Santiago
Partner Geraldine Ifrán and associates Belén Hernández, Walter Planells, José María Grondona and Martín Fridman in Montevideo
Pérez Bustamante & Ponce Abogados
Partners Diego Pérez Ordóñez and Juan Gabriel Reyes, and associates Natalia Almeida, Andrés Brown Pérez and Carmen Simone in Quito
Raffalli de Lemon Halvorssen Ortega y Ortiz